The purpose of the course is to bring the basic knowledge on the specific aspects of Russian economy that had significant impact on the latest development trends in Russia.
This course will provide you with knowledge on:
1) the basics of economy;
2) understanding the role of market reforms in developing the key features of modern Russian economy;
3) understanding specific aspects of Russian economy;
4) cause-effect relationship of the most significant trends in Russia’s economic development;
5) instruments for analysis of Russian economy;
6) business climate in Russia and skills required for doing business in Russia.
Currently, different aspects of economy have some influence on us and our behavior - e.g. currency exchange rates, inflation and other things define the way in which we distribute our income between savings and investments. In order to understand these principles it is required to have the basic knowledge on economics. So it is not only a lecture on Russian economy. Another main objective of the course is to develop knowledge on the basics of economy as such. So the course will disclose universal patterns by analyzing trends in Russian economy.
FAQ:
Q: What is targeted audience for this course? What are the course prerequisites?
A: The course is mainly developed for students pursuing their master’s degree in the field of international economy and for those who have professional interest in Russian economy. It requires basic knowledge of economic terms.
Q: What are the minimum requirements to pass the course?
A: In order to pass the course and receive a Course Certificate you will need to have at least 80% of correct answers in each quiz.
Welcome to the course “Understanding Russian Economy. Problems of Transition”!

Из урока

Lessons of transition. Searching for solutions

Welcome to the Week 6! Now we will focus on some lessons of transition. To be more precise you will learn what role Stabilization Fund plays in Russian economy. ‘’To save or to borrow’’ dilemma and its solution in Russia will be discussed in this module as well. Then we are going to look at the impact of 2008 financial crisis on Russian economy.